The more time I spend in Florida, the more amazed I am at the inventory levels. Never in the last 7-8 years have we seen so many homes for sale. And now prices are starting to drop. Head to www.reventure.app to track the data in your ZIP code. Start with inventory figures for free. And then upgrade to a premium plan to see how fundamentally overvalued prices are in your area, and the forecast for where they're heading in the next year.
@@ReventureConsulting it's because people used to move to Florida because it was cheap. Now it's a nightmare. Unless you are very wealthy and can be on the water, living in this hellhole doesn't make sense any longer.
@@priceandpride yeah in many ways God's judgment will come to Florida too. We had heat waves and fires before. California is not the only state that had fires I lived in Oregon when forest burned. The air was full of smoke in the Medford valley. 73
Despite the fact that I invest, I am frustrated by my incapacity to assess each company's performance and determine whether or not this is the best time to buy stocks. Inflation is depleting my monetary reserves. I need reliable market trajectory data at this point, but I'm not sure what to do.
Despite my conviction in your direction, my recent stock purchases, and the fact that I am an AMC shareholder, I have not been able to amass anything. I had been in debt for far too long before the collapse. What are the steps required in investing?
I completely agree, which is why I think it's important to delegate decision-making responsibility to an investment coach. Underperformance is essentially unimaginable given their specialized experience and education, as well as the fact that each of their skills is focused on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable events. Working with an investment coach for over two years, I've made over $1.5 million.
How does one go about finding a capable FA? I appreciate the notion of using their services, but it's too bad that stock market meltdowns have recently become commonplace.
'Annette Christine Conte is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead, curiously searched her on the web by her full name and spotted her consulting page, no sweat. Just sent her an email, hoping she gets back to me soon..
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Ann Meny” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Impossible to do now. HOAs and private equity firms have taken over EVERY small town I can find. I truly wonder if I'll be living out of a broken down motorhome because I just can't afford a run down 40 year old ONE bedroom house with NO garage. Those cost $250,000 in my state no matter where I look.
I bought into an HOA once. I will NEVER do that again. To those who say, serve on the board: I did. I never knew my neighbors were so petty. The entire experience was a nightmare. Never again.
You want to know petty? I live in a gated community and one time some delivery person drove through the open gate, and passed the guard. Someone in here chased him down and yelled at him for just driving in. 🥺
I was an officer for 20 years. You need to keep up the pool and tennis courts, and you need to pay for trash collection. We buy in bulk, and save money. But yeah, you can have badly-run ones.
There will be many foreclosures for Florida retirees in the coming years. The irony is the old saying about a son living in his mom's basement cause he doesn't have his financial life to gether. In the next couple years mom will have her house or condo foreclosed on and she will go back somewhere up north and live in her son's basement.
@@roadwayfunding Oddly, this seems odd to us in North America. Most of the rest of the world, they just assume that the parents eventually move back in with their children rather than going to some retirement home to rot away.
@@Official-CommentsYup the generation that had everything handed to them yet decided to give back the least possible and then has the audacity to say "why are you pissed at us?"
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like “Jessica Lee Horst” who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you.
My wife and I sold our house in Florida to move to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this quarter. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made.
It's not very difficult to find. Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
@@ronb6182 Hilarious to me when guys named Ron hypocritically vote for Tyranny. If you don't like HOA's don't buy into one, thats the American way Ron, not abolishing things you don't like. Clearly many people do like it because they keep voting with their money.
HOA’s are meant to keep the properties values up and maintain a certain look, bylaws so you can sell at top dollar. Here in Florida, let me tell you HOA can give you some peace with your neighbors. You can be without an HOA but then your neighbor parks his trailer, 5 cars in front of his front lawn, work on his car engine in the middle of the night, party all night long with complete disregard of his neighbors. Yes, it happens and there is nothing you can do about it. Problem is the builders HOA’s are thiefs and give you back the minimum if you don’t keep them in check. Owners need to go to the meetings and ask for the financials and ask a lot of questions. Most people just forget and then when things get bad they are mad. Ask and verify.
@@Portodan3482 Thing is I couldn't care less about particular look (properly maintaining the building and yard is all that's needed--places where all the houses look pretty much the same are only various levels of creepy to me depending on how "perfect" they are) or people having lots of cars parked (as long as they're not hogging the whole of the street parking around them and all vehicles are in good condition). But .... Car engine work at night? Parties all night long? I have to ask ... where are the local quiet hour laws in FL??? That's something that here I'd call police about, not complain to the HOA over. IDK but how are HOAs enforcing something like that better? (Agree with giving their financials/laws a jaundiced eye, tho. Get disclosures on those and read them carefully, and if anything looks bad or annoying, just don't even buy there. The problem is how many places have an HOA in a given area sometimes .... you may have to do a LOT of reading to find a house that has appeal beyond the actual house.)
Not unnecessary if you want a neighborhood pool, tennis courts, etc. instead of paying to put one in yourself, or if you want a gated neighborhood. Contrary to the masses here, not all HOAs are tyrannical wanting to make sure your lawn is a certain color of green.
@@Portodan3482HOAs reduce home values because most people don't want to be in an HOA but are forced to of they want to live in a newer home. Noise pollution is a local law issue. I'd love to have a neighbor that works on cars. You are very discriminatory in other people's hobbies. What if your HOA banned landscaping or gardening?
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
Annette Marie Holt is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
You are right! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above $450k in net profit across high dividend yield stocks, ETF and bonds.
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Exactly @Joe-sh2tf, controlling, miserable ppl run the HOA, they've never had ANY power and now at the HOA with the modicum they do have they are insane. One of our crazy's here checks our garbage bags!
Why would anyone ever pay hand over fist for a house only to give someone else authority over their investment? Price point dictates upkeep. HOA’s are a scam.
That's true in new neighborhoods, but much less true in old ones. Nothing in my neighborhood is under $450k, but it was all built in the 70s. Looks like shit because people who bought 10+ years ago at a much lower price point don't maintain their houses.
@@OtisFlint That's because the PTB 'engineered' an 'unsustainable' equation, and now the majority can no longer even afford the payments, taxes and insurance... let alone maintenance! (There may soon be a MASS EXODUS of working age and retirees alike, to the Midwest and South... since few in the bottom 80% will be able to LIVE near either coastline, perhaps even in this decade? (And ALL that coastal RE won't fetch HALF as much rent, once the banks and Wall Street steal it at 10- 25% of the current gross, overvaluation.) High net worth people are also again FLEEING the US... let alone California, NY, etc. Nick, is right... HOAs are not going to remain on the USP list, when 80% hated them, already! (And I doubt that they ever were... despite the 'biased' industry- backed: "studies!")
@@OtisFlint why don't you lend a hand. If HOAs are A community everyone should pitch in and help. It's about helping those in need. Also they may be disabled, call habitat for humanity and see if a project can get started . Also volunteer for paint your heart out. To name two good ministries. For housing improvement. By the way my barn in North Carolina is old but a land mark. Needs repair. Someone offered to buy the wood but I never heard back. Maybe I will restore it but no paint I'm keeping it original no bill boards on my barn. 73
I purchased my first house as an HOA saying "its only $30 per month, how annoying could they be".... just 1 person... it just takes 1 person. never ever again.
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.
I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
I lived in an HOA in Florida. It was the first, last, and only HOA in my lifetime. I hated every minute of it. As you mentioned, the monthly fee wasn’t exorbitant, but the rules, restrictions, and citations were ridiculous. Never again.
@@Hirogen24 Ken here, you heard of the 1st Amendment, association clause? You want to live in a suburb where your neighbor can build a two-story chicken coup and park six cars in the front yard? I’ll tell you , you don’t, but if you do, I’ll show you where you can get a full acre lot next to a front yard mechanic who has an eight foot GFY sign on the side of his fence, and a bus shell in his back yard. Build your dream home, no HOA.
My friend bought a townhouse with HOa in 2019. He was paying $380 hoa fees. Now he is paying $2000 per month with assessments that never end! Ridiculous!
@rdee7406 it's in Miami. Check it! Tri island community called. I know what I am talking! Before you are saying bullshit please check bc I know for sure it's true!
I put a contract on a house in Atlanta and then they sent me the rules for the HOA and it was unbelievable. You couldn't have colored curtains inside your house. They told you what color mulch you had to use in your yard and what type of plants you could plant in your yard and what color Christmas lights you could have and you couldn't have blow up decorations at Christmas. I passed.
they can’t dictate what color curtains you hang inside your house unless those curtains can be seen from outside. So you will have to put up what ever color drapes in front/behind it so it so the color couldn’t be viewed from the curb. I had to go through that crap and opted for blinds behind the curtains. Massive PIA.
A house isn't the best investment, considering the state of the economy right now. After selling my Boca Grande house, I want to put $200K into stocks because they can still increase in value during difficult times. Do you have any great ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
i am in milwaukee, oregon and been thinking about moving into south florida but . . . . so, i been looking at tennessee, texas and reluctantly california. trust me, you do not want to come back to oregon, it is like traveling into a third world country. when i have to go into portland, the highways are lined with tents and shacks.
I’m renting in Dallas. They harass me constantly about tiny brown patches in the grass, when I water 3 x weekly. The grass they are supposed to maintain has brown patches too. Last year I took pictures of their brown patches and asked them how they could hold me to a higher standard than they were willing to maintain. They stopped bothering me. They act like everyone here works for them. People panic trying to fix their lawns in the boiling heat of summer.
isn't fungus that you may have on grass? that's causing for over watering and if somebody else mows your lawn that fungus spreads out everywhere on the wheels
@@verdeyoro The landlord had to put sod in this spring. The sprinkler guy said to water three times a week. Even though the city says twice a week. Do you know what to do?
@@CroisMoi get some pest control flags and date them for those days you're watering in the yard you should not be fined as long you keep that flag on the grass, new planted grass has to be water 💦 30 days in a row until it' root in the ground but it needs to be treated with fungicide, insecticide and potash to see it grow it healthy
It's nigh impossible to find a nice Florida neighborhood w/o an HOA. Everyone wants their community pool, amenity center, and petty privileges (ie forcing their neighbors to keep up with the Joneses).
I live on South Beach. We always collected Reserves in our Maintenance fees. We have had reserves since the building went condo. We had a upstanding management company that did what they should have. The problem comes from horrible Condo management companies, that keep HOA's low so the the units sell,
There are some very well managed Hoa's I agree. The citizens where you live would never tolerate what they do with middle to lower class homes or condos. They know those owners don't have the money to take the Hoa to court if they screw things up. Well you know what I mean.
More than 80% of newly-built single-family homes sold in 2019/2022 belonged to an HOA. during the 2004 housing boom-home prices were significantly inflated, leaving people unable to sell later because they owed more on the house than it was worth. I know several people who bought during that time, thinking it was a good investment, but it wasn’t until the COVID housing boom that prices finally returned to those original levels.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach on the web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
How much do you want other people all up in your business? If that's worth it to you just so you can be all up in other people's business, well, you deserve an HOA.
I've been an HOA officer. We need to spend money on stuff like trash collection anyway; when we buy in bulk, we save money. Keeping up the pool means you can have a pool. HOAs often provide value.
Exactly! And why would anyone agree to that! People are giving their freedoms away while being told what to do and how to do it! Its ridiculous! People need to stand up against all shady business practices. You pay city taxes to live in the city and they are enough!
It started so you wouldn't have the rundown house on the block with boats and rusted cars on the lawn that nobody could do anything about and would bring down your value
@@ronaldkonkoma4356 It’s now laying the foundation for social credit scoring. First, get everyone tattling on their neighbors. Next, replace cash with CBDCs. Install 24/7 surveillance including INSIDE the living space. Insist that it’s all for the people’s own good. The value of the house only a handful of them will actually end up as owners of. Where will the US be in five years time?
I agree. What was 200k just 4 years ago, should only be worth 230k tops. Not 4-5-6-7-8-900k. It's ridiculous. Homes lennar is building now, just back in 2019, you could snatch up for a little over 200k. Those same homes they are building are going for minimum 600k.
@@Yui789esss definitely gonelna be interesting. I personally know people in the new home builders sector like lennar who are in panic mode because they aren't selling houses. 😂
Wow, a 500% spike in HOA liquidations? Looks like the Florida real estate market is going to be on a rollercoaster ride! I’ve been sitting on my $23k emergency fund, itching to start investing, but with this kind of chaos, where’s the headstart? Maybe I should start looking at foreclosure auctions, but who knows if that’s a good idea now. Anyone else feeling like they’re standing on the edge of a cliff with their money?
Haha, you’re not alone! The HOA crash is wild, but hey, chaos breeds opportunity, right? Though, diving into foreclosures might be a bit risky without a solid plan. Honestly, before jumping into anything, you might want to chat with an investment advisor. They could help you navigate these choppy waters and make sure that $23k doesn’t go up in smoke!
Totally agree with you both-this market is insane! I’ve been thinking about finding an investment advisor myself, but I’m not sure where to start. I don’t want to just Google someone random, but I also don’t want to sit on the sidelines forever. Any tips on how to find someone reliable?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
"I just looked up Linda Aretha Reeves, and she seems like exactly what I need to get my financial journey on track. I’ve been hesitant to pull the trigger on anything, but after reading your recommendation, I’m feeling a lot more confident about taking the next step. Thanks for the heads-up!
I almost made an offer on a condo in Winter Haven, but when I asked to see the HOA rules, we were told we had to buy it before we could see the rules! What? Nope.
I've lived in an HOA home for 3 years now. They are brilliant. Fees don't change and services are great. When I need something done its done within 48 hours. Not all HOAs are bad.
@@goptions4678 well in my neighborhood there’s multiple houses that have a packed driveway of cars or cars parked on the side of the street. Some are loud as hell and blast music. But HOA wants to bug me about have a certain amount of plants in my yard. They enforce what they want when they want. To top it off they can foreclose on houses so yeah I’ll take a pink house next door than what we have now.
I read a story 10 years ago where large construction contractors were buying units in HOA condos, then installing insiders onto the HOA board, then draining the reserves with unneeded construction with no bid contracts to themselves. Anybody in the HOA trying to fight back was met with mafia like physical intimidation.
it's funny that most HOA's biggest reason is for maintain and increasing property value but i would guess that non-HOA property would sell for similar or more in price because people prefer non-HOA properties, increasing the demand, thus increasing the price.
Here’s how I shop for homes: The instant I see an HOA fee I immediately go to the next home. Would never ever pay such a nonsensical expense. If everybody else would do the same you’d see HOA fees gone overnight.
@@nashonabo821 because some cities require a certain size lot to have your own pool. So you have one large pool for the HOA. A lot easier and cheaper than maintaining your own.
@@rolback5055 I grew up in a neighborhood without a pool. No need for a pool. Why assume you need an HOA, just to have a pool? If there is some need for a community pool, the users should pay for its upkeep.
@@PianoMatronNeeNee makes sense to rent at first, especially given the declining real estate markets in Florida, which became unbelievably inflated during the pandemic and the balloon needs to deflate somewhat. Florida prices doubled since 2018 in the desirable coastal areas and have a lot of room to drop........good luck with your move and keep making beautiful music!
As a forty year resident of S Florida, I can say it’s almost impossible to purchase a new property without being in an HOA. In fact, most homes built within the past thirty years also fall into that category. Unfortunately, a lot of owners are slobs and don’t care to keep their houses looking nice. That’s why an HOA is necessary. I’m from the UK and had never heard of an HOA until I moved here. I’m fortunate that my HOA fee is only $66 a month.
$66.00, I seriously doubt that unless you live in a really poor looking development. You can't upkeep a development, run meetings, pay common area expenses all on $66.00 per resident. There are plenty of areas in South Florida that you can buy homes with no HOA. Look in the Southwest Ranches and Davie area, out west. Nice homes where the property owners pay a high enough price, that they all care for what they bought.
It’s because it costs NOTHING to destroy things, but to take care of them costs money. And I am sorry, but every Republican I know is big on showing off THEIR money but welching on community debts or issues. I lived in Florida and saw exactly how much developers care about what they leave there. They don’t care.
A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.
On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Jessica Lee Horst' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I live in a HOA, never again. They are another layer of government that is harder to deal with that the actual town itself. You have to ask permission for everything, fill out forms just right, submit it just right or they reject it for the littles thing. A lot of people just do what they want now and do not tell them because its such a pain to do even minor things that should not require asking permission, like changing plants, or paining the house the same color as it already is, and or minor things. Besides they have a two tiered system of enforcement, houses have garbage in front of them for months and nothing happens, I leave a bush untrimmed and get a letter. Florida just passed a new law that limits the power of HOAs, it was cut down heavily do to the influence of special interest groups, that is a sin, that means HOAs are big money for some people, especially law firms who pray on homeowners.
Lesson learned is the always look at the community financials to make sure the reserves are fully funded before buying. If not then reduce the sale price or walk away.
We were catching up on our reserves years before the law and were making good progress. The problem that raised our fees so high was 1 year we had our insurance go up 60%. The very next year it went up 100%. So our problem is the INSURANCE RATES.
So basically when you live in an hoa it’s like being treated like you’re in kindergarten and living inside a funeral parlor. I feel bad for all you people that have your freedoms stolen from you in your own homes.
Read your covenants and restrictions before you buy. The problem is most people don't and then complain because the rules that made the neighborhood attractive to you are enforced
Very important topic, thanks!! In addition to the home builders being responsible, it’s also important to be aware of companies nobody has ever heard of, like FirstService Residential. These companies manage HOAs, but also work on the side of the developer, pressuring them in to forming an HOA, of course to their benefit.
Haven't moved in an HOA neighborhood and don't plan to ever. There's so much more peace of mind living in a home and not having to worry about all those HOA horror stories that are out there. The money you would spend on an HOA can easily be applied to personally hiring all the needs that they so claim to already provide.
Bought a townhome with my ex-husband years ago with an HOA.......such a downer back then and still a downer today. There's a lot of corruption with the "treasurers" of these HOA's.
@@TheCatholicGirl no they did not. Most of the owners voted to keep the monthly dues low and did not want to pay more monthly dues to fund the reserves.
@@janefairall579 You are wrong & can’t do math. Those people in Champlain Towers were paying like $1,000/month. That was plenty for maintenance to avoid collapse. People stole the dues. That is far more common that “they didn’t collect enough”. What a stupid, uneducated thing to say.
Condo 55+ community Evergreen, MT. 47% of ALL units are For SALE, NOT selling at $375k a large percentage of owners underwater they bought 2022 at $400+k to $529+k. HOA board checks our TRASH. OVER 542 cameras 144-unit development. Owner/developer has not sold one unit for 3 months now b/c he's OLD and delusional pricing units at $489k $550k 2br/2ba 1000 sqft. CRAZY receptionist involved owner and HOA president b/c a tenant did not say hello to her in the mailroom. HOA controlling, MISERABLE people!
Why would you even buy a house with an HOA. That is like buying a car and having to ask your neighbor if you can put new wheel on it, or what type of gas you are required to put in it. It's crazy. Why would anyone want that headache. If I want to paint my house pink. I will paint my house pink.
you can buy in a decent area today, but in 20-30 years the neighborhood may change. Original owners die or move away, new people come in. Happened to my dad's neighborhood. He is one of the last original owners
I once went to see a condo I was interested in buying. We went in and stepped on a piece of paper. It was a anti-HOA paper, warning the residents to vote against a 50% increase in the HOA. I didn't buy. But units in that area kept going on the market because of it. 1100 HOA. Ridiculous, the building looked horrible.
Great video. I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance..
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
There must be legislation passed in States with a high number of HOA’s, that allows single family home owners to opt out of HOA memberships. HOA membership should be optional for single family homes. When people say, oh well just don’t buy in a HOA. The problem is that most nice neighborhoods in convenient locations are in a HOA, so unless you want to live a long way from town a HOA is the great majority of desirable available homes.
Already starting. People just don't have the money to pay HOA fees. HOA's now are just another tool to make you become homeless. HOA's did have a purpose to maintain the appearance of the neighborhood for every ones advantage. That is not the case anymore. HOA homes will eventually become worthless.
man ooooh man I dodged that Florida bullet. I was willing to get a condo too. This would have been a second home for winter and keeping my NY home. Sucks though because those snowbirds had a good thing for decades and I was hoping to join in. Here in my NY area we're considering downsizing and NOTHING is available and what little is available is off the charts expensive. No thanks, staying put.
I once lived in an HOA, and it was not a bad one from my experience. However, I am a licensed Amaterur Radio Amateur. A license issued by the Federal Communications Commission and superceeds all local juristictions and organizations when it comes to putting up antennas. Nobody can deny a licensed operator from erecting the antenna of his choice within FAA regulations. I did not ask my HOA if I could put up an antenna. I told them I was going to do it. And provided the FCC regulation to back up my notice. Also, if you want to receive signals from the airwaves you have the same undeniable right to put up an antenna. Few know that, but it is a Federal regulation.
I live in Northern Burbs of Chicago. Plenty of water, no hurricanes, reasonable insurance. Last 2 winters have been relatively warm. Reasonable housing prices. Great place to live
We also see it in trailer parks. $450 a month rents have gone up to $850 locally in the last 18 months. It is any surprize that the parks now have 20% vacancies? What used to be a good option for retirees is now like these homes in Florida - just insane levels of greed at work and people fleeing in droves.
HOAs are horrible. My grandparents hoa got upset that the front yard didn't have 2 trees. keep in mind my grandparents bought the house new and it was built with only 1 tree. they waited 5 years to get on my grandparents about the rule.
freedom goes both ways. You have to be okay with people boats, RV, front yard vegetable garden, and pink houses. Because your neighbor also tolerate your uber ugly teal house. That's freedom. No way I ever want to live in a HOA
If it's public, you have no rights to complaint who parks there. But i do get your sentiment. There is always a trade off. Personally, people can do whatever they want as long as they dont touch other people' s property. I dont want HOA to tell how I live my life or what i should do to my property.@@Yui789esss
@Yui789esss sounds like dense urban centers. Taiwan is the same way. Too few parking spots and too many people. Most suburbia with 50' frontage. You can park 2 cars in the driveway, and 2 more car on the street per house :D
Agreed, but I don't understand why anyone would be upset by someone with a boat or RV in their driveway. I don't have either of them, but if someone wants that stuff, I'm fine with it. I don't want to take anyone's freedom, and I want to remain free myself.
So if the HOA maintains roads and the utility companies handle infrastructure, why do you need property tax to the extent non hoa communities have it? Wouldn’t it stand to reason that rate should be lower?
First wave of suburbs really went off in the 50s and 30 or 40 years layer towns couldn't afford the maintenance so they mandated the HOAs which would provide new property taxes but not new maintenance obligations. Now is 30 or 40 years after the HOAs started up and we are back to whose going to pay for the infrastructure again. So now the HOA fees are going to explode or end up declaring bankruptcy. Suburban sprawl has too much infrastructure to maintain and not people and businesses to pay for it.
Very good video thank you for all the good information I wanted to see if you could do more coverage on the abusive overreach knea jerk reaction of the 40 year inspection and everything it encompasses and the tremendous pressure and cost that it adds to a HOA. And to its board. Thank you
Hey there are over 1 million homes for sale published online. There are over 5 million shadow homes for sale but not published because it would bring the prices even lower. These those NOT include apartments, there many millions of condo for sale. Office building are beyond horrible, so bad that a $330 million dollar building sold for $8 million this week - look up 135 West 50th Street in Midtown Manhattan. SOLD AT A 97% LOST! THIS IS A CLASS A BUILDING IN NYC- HIGHEST RATING AND SOLD AT A HUGE LOST
That's because we are living in the equivalent of western Rome....around 456 AD. Not quite 476 AD yet, but too close for comfort. The proverbial "barbarians" have already invaded; our currency has been devalued into worthlessness; our excuse for a military is stretched thin, loaded with man boob-sporting, soy-guzzling sissies and infiltrated with America-hating foreigners. ALL these things existed in Rome around the time of it's final decline. All we need now is a modern equivalent of Geiseric and it's curtains for Los Estados Unidos: 1776-2025.
Unfortunately, many want to run out of Florida but are trapped in an extremely difficult situation, especially those who have purchased in the last 4 years due to having fallen into the trap of paying ridiculous amounts unnecessarily.
If listening to his information in a whole year saves you a $1000 you are ahead of the game. Some of his stuff is hot air but mostly he has solid information that would take you much longer to obtain. If you're thinking of buying or selling in the next couple years his sub is worth it.
It’s worse than that. I can’t share specifics, but we have investors buying condos to 51% ownership then voting themselves into the HOA board and raising prices so high everyone has to sell, then they convert them to apartments.
People in Condos that now have expensive HOA with the new laws and regulations are pissed at DeSantis for making the HOA's get funded. Well, there was a good reason! If buildings skimp on inspections and don't have the money for repairs it can kill them when their buildings fail. It is an investment and you have to take care and maintain them. Not just live it until it falls apart.
The more time I spend in Florida, the more amazed I am at the inventory levels.
Never in the last 7-8 years have we seen so many homes for sale. And now prices are starting to drop. Head to www.reventure.app to track the data in your ZIP code.
Start with inventory figures for free. And then upgrade to a premium plan to see how fundamentally overvalued prices are in your area, and the forecast for where they're heading in the next year.
@@ReventureConsulting it's because people used to move to Florida because it was cheap. Now it's a nightmare. Unless you are very wealthy and can be on the water, living in this hellhole doesn't make sense any longer.
@reventureconsulting
Can you look at the federal reserve intrest rate resestion chart from the fred charts.... please
Nic, why did you move to the Confederacy?
Are you a Confederate?
Florida is trash
@@priceandpride yeah in many ways God's judgment will come to Florida too. We had heat waves and fires before. California is not the only state that had fires I lived in Oregon when forest burned. The air was full of smoke in the Medford valley. 73
Despite the fact that I invest, I am frustrated by my incapacity to assess each company's performance and determine whether or not this is the best time to buy stocks. Inflation is depleting my monetary reserves. I need reliable market trajectory data at this point, but I'm not sure what to do.
Despite my conviction in your direction, my recent stock purchases, and the fact that I am an AMC shareholder, I have not been able to amass anything. I had been in debt for far too long before the collapse. What are the steps required in investing?
I completely agree, which is why I think it's important to delegate decision-making responsibility to an investment coach. Underperformance is essentially unimaginable given their specialized experience and education, as well as the fact that each of their skills is focused on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable events. Working with an investment coach for over two years, I've made over $1.5 million.
How does one go about finding a capable FA? I appreciate the notion of using their services, but it's too bad that stock market meltdowns have recently become commonplace.
'Annette Christine Conte is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead, curiously searched her on the web by her full name and spotted her consulting page, no sweat. Just sent her an email, hoping she gets back to me soon..
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Impressive can you share more info?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Ann Meny” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@@Nernst96 your advisor looks good
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
i would never buy a house with an HOA. absolutely never.
Impossible to do now. HOAs and private equity firms have taken over EVERY small town I can find. I truly wonder if I'll be living out of a broken down motorhome because I just can't afford a run down 40 year old ONE bedroom house with NO garage. Those cost $250,000 in my state no matter where I look.
I bought into an HOA once. I will NEVER do that again. To those who say, serve on the board: I did. I never knew my neighbors were so petty. The entire experience was a nightmare. Never again.
You want to know petty? I live in a gated community and one time some delivery person drove through the open gate, and passed the guard. Someone in here chased him down and yelled at him for just driving in. 🥺
@@CroisMoidisgusting behavior
I was an officer for 20 years. You need to keep up the pool and tennis courts, and you need to pay for trash collection. We buy in bulk, and save money. But yeah, you can have badly-run ones.
They are DEVIL'S
bunch of Karens in HOA
More and more people are staying away from houses with HOA. Include me in the 70% who hate HOA.
HOAs are yet another gift from American Boomers.
Never HOA. Will live in a shack on a dirt lot rather than a HOA.
There will be many foreclosures for Florida retirees in the coming years. The irony is the old saying about a son living in his mom's basement cause he doesn't have his financial life to gether. In the next couple years mom will have her house or condo foreclosed on and she will go back somewhere up north and live in her son's basement.
@@roadwayfunding Oddly, this seems odd to us in North America. Most of the rest of the world, they just assume that the parents eventually move back in with their children rather than going to some retirement home to rot away.
@@Official-CommentsYup the generation that had everything handed to them yet decided to give back the least possible and then has the audacity to say "why are you pissed at us?"
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like “Jessica Lee Horst” who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you.
My wife and I sold our house in Florida to move to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this quarter. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made.
Wow, that's a good ROI. You trade or you have been holding all this while?
Oh no, I don't really trade. Too complex and random for me. I work with a financial advisor.
That's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
It's not very difficult to find. Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Did it twice, bought in a HOA…both times, in Florida. F that…..Never again.
Damn, it took you two tries and a massive number of people cursing the HOA
@@Eli9A time to vote on the ballot to abolish HOAs .
@@ronb6182 Don't buy in HOA if you don't want to ,simple
@@speedy4829 let's get one thing clear I don't have one and don't tell me not to get an HOA. I will fight for the guy that is stuck in an HOA. 73
@@ronb6182 Hilarious to me when guys named Ron hypocritically vote for Tyranny. If you don't like HOA's don't buy into one, thats the American way Ron, not abolishing things you don't like. Clearly many people do like it because they keep voting with their money.
We sold in 2021 and after 21 years we still do not know what the HOA did with our money.
Notrhing about your better life.
You can't avoid an HOA in a condo building. Someone has to take charge. The HOAs for single family homes are ridiculous and unnecessary.
HOA’s are meant to keep the properties values up and maintain a certain look, bylaws so you can sell at top dollar. Here in Florida, let me tell you HOA can give you some peace with your neighbors. You can be without an HOA but then your neighbor parks his trailer, 5 cars in front of his front lawn, work on his car engine in the middle of the night, party all night long with complete disregard of his neighbors. Yes, it happens and there is nothing you can do about it. Problem is the builders HOA’s are thiefs and give you back the minimum if you don’t keep them in check. Owners need to go to the meetings and ask for the financials and ask a lot of questions. Most people just forget and then when things get bad they are mad. Ask and verify.
@@Portodan3482 Thing is I couldn't care less about particular look (properly maintaining the building and yard is all that's needed--places where all the houses look pretty much the same are only various levels of creepy to me depending on how "perfect" they are) or people having lots of cars parked (as long as they're not hogging the whole of the street parking around them and all vehicles are in good condition).
But .... Car engine work at night? Parties all night long? I have to ask ... where are the local quiet hour laws in FL??? That's something that here I'd call police about, not complain to the HOA over. IDK but how are HOAs enforcing something like that better?
(Agree with giving their financials/laws a jaundiced eye, tho. Get disclosures on those and read them carefully, and if anything looks bad or annoying, just don't even buy there. The problem is how many places have an HOA in a given area sometimes .... you may have to do a LOT of reading to find a house that has appeal beyond the actual house.)
Not unnecessary if you want a neighborhood pool, tennis courts, etc. instead of paying to put one in yourself, or if you want a gated neighborhood. Contrary to the masses here, not all HOAs are tyrannical wanting to make sure your lawn is a certain color of green.
@@Portodan3482HOAs reduce home values because most people don't want to be in an HOA but are forced to of they want to live in a newer home.
Noise pollution is a local law issue.
I'd love to have a neighbor that works on cars. You are very discriminatory in other people's hobbies. What if your HOA banned landscaping or gardening?
HOA is basically an extra half a house payment. Why even bother?
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
I've been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Annette Marie Holt is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
You are right! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above $450k in net profit across high dividend yield stocks, ETF and bonds.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I purchased a house in a HOA once, NEVER AGAIN.
Exactly
Exactly @Joe-sh2tf, controlling, miserable ppl run the HOA, they've never had ANY power and now at the HOA with the modicum they do have they are insane. One of our crazy's here checks our garbage bags!
That's ridiculous....whose going to manage the property?
@@Ace-qy5vz You are probably the HOA member out there measuring grass.
Yup lol@@Mittens_Gaming
Why would anyone ever pay hand over fist for a house only to give someone else authority over their investment? Price point dictates upkeep. HOA’s are a scam.
That's true in new neighborhoods, but much less true in old ones. Nothing in my neighborhood is under $450k, but it was all built in the 70s. Looks like shit because people who bought 10+ years ago at a much lower price point don't maintain their houses.
@@OtisFlint That's because the PTB 'engineered' an 'unsustainable' equation, and now the majority can no longer even afford the payments, taxes and insurance... let alone maintenance! (There may soon be a MASS EXODUS of working age and retirees alike, to the Midwest and South... since few in the bottom 80% will be able to LIVE near either coastline, perhaps even in this decade? (And ALL that coastal RE won't fetch HALF as much rent, once the banks and Wall Street steal it at 10- 25% of the current gross, overvaluation.) High net worth people are also again FLEEING the US... let alone California, NY, etc. Nick, is right... HOAs are not going to remain on the USP list, when 80% hated them, already! (And I doubt that they ever were... despite the 'biased' industry- backed: "studies!")
HOA's are a bunch of karens
Right? It's insanity!
@@OtisFlint why don't you lend a hand. If HOAs are A community everyone should pitch in and help. It's about helping those in need. Also they may be disabled, call habitat for humanity and see if a project can get started . Also volunteer for paint your heart out. To name two good ministries. For housing improvement. By the way my barn in North Carolina is old but a land mark. Needs repair. Someone offered to buy the wood but I never heard back. Maybe I will restore it but no paint I'm keeping it original no bill boards on my barn. 73
I purchased my first house as an HOA saying "its only $30 per month, how annoying could they be".... just 1 person... it just takes 1 person. never ever again.
There’s one in every neighborhood
Karen City
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass wealth amid economy crisis, and even pull it off easily in favorable conditions. That should be the least of your concern. Also explore the option of working with a CFA to reduce greatly your chances of loss.
I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
I lived in an HOA in Florida. It was the first, last, and only HOA in my lifetime. I hated every minute of it. As you mentioned, the monthly fee wasn’t exorbitant, but the rules, restrictions, and citations were ridiculous. Never again.
America needs to get rid of HOAs, NOW!
Yeap. Totally agree. I would never, ever have Karen and Kevin tell me what I should do in the house that I paid with my hard-earned money.... Never.
is this State or County , both? This is America, if we get the majority we should be able to vote on this no?
Those idiots do it to themselves
@@Hirogen24 Ken here, you heard of the 1st Amendment, association clause? You want to live in a suburb where your neighbor can build a two-story chicken coup and park six cars in the front yard? I’ll tell you , you don’t, but if you do, I’ll show you where you can get a full acre lot next to a front yard mechanic who has an eight foot GFY sign on the side of his fence, and a bus shell in his back yard. Build your dream home, no HOA.
My HOA is $325 a year and puts a stop to this, and no one would buy a house here without it.
My friend bought a townhouse with HOa in 2019. He was paying $380 hoa fees. Now he is paying $2000 per month with assessments that never end! Ridiculous!
Bullshit
What?
where at?
Wow
@rdee7406 it's in Miami. Check it! Tri island community called. I know what I am talking! Before you are saying bullshit please check bc I know for sure it's true!
I put a contract on a house in Atlanta and then they sent me the rules for the HOA and it was unbelievable. You couldn't have colored curtains inside your house. They told you what color mulch you had to use in your yard and what type of plants you could plant in your yard and what color Christmas lights you could have and you couldn't have blow up decorations at Christmas. I passed.
I'm all for banning those stupid blowup decorations.
HOA: You pay them to trouble you. There's a word for that...bondage, weirdo, kinky stuff.
they can’t dictate what color curtains you hang inside your house unless those curtains can be seen from outside. So you will have to put up what ever color drapes in front/behind it so it so the color couldn’t be viewed from the curb. I had to go through that crap and opted for blinds behind the curtains. Massive PIA.
Home of the free
@@brianlane9534Then move to that Neighborhood, you would fit in!
A house isn't the best investment, considering the state of the economy right now. After selling my Boca Grande house, I want to put $200K into stocks because they can still increase in value during difficult times. Do you have any great ideas for stocks?
The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
Sophia Maurine Lanting is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
This hard-working, educated man is telling the TRUTH. I moved from Oregon to Florida 12 years ago. It's happening. It's REAL. Thank you.
i am in milwaukee, oregon and been thinking about moving into south florida but . . . . so, i been looking at tennessee, texas and reluctantly california. trust me, you do not want to come back to oregon, it is like traveling into a third world country. when i have to go into portland, the highways are lined with tents and shacks.
I’m renting in Dallas. They harass me constantly about tiny brown patches in the grass, when I water 3 x weekly. The grass they are supposed to maintain has brown patches too. Last year I took pictures of their brown patches and asked them how they could hold me to a higher standard than they were willing to maintain. They stopped bothering me. They act like everyone here works for them. People panic trying to fix their lawns in the boiling heat of summer.
isn't fungus that you may have on grass? that's causing for over watering and if somebody else mows your lawn that fungus spreads out everywhere on the wheels
The state of Texas has laws that override them concerning native plants. lol. Just plant native plants and say bye-bye to that boring lawn.
@@verdeyoro The landlord had to put sod in this spring. The sprinkler guy said to water three times a week. Even though the city says twice a week. Do you know what to do?
screw hoa
@@CroisMoi get some pest control flags and date them for those days you're watering in the yard you should not be fined as long you keep that flag on the grass, new planted grass has to be water 💦 30 days in a row until it' root in the ground but it needs to be treated with fungicide, insecticide and potash to see it grow it healthy
No way to avoid an HOA in a condo but for a detached single family? F-NO!
It's nigh impossible to find a nice Florida neighborhood w/o an HOA. Everyone wants their community pool, amenity center, and petty privileges (ie forcing their neighbors to keep up with the Joneses).
I currently have an HOA and they are so useless. It's a waste of money.
As soon as things look better I will sale.
I live on South Beach. We always collected Reserves in our Maintenance fees. We have had reserves since the building went condo. We had a upstanding management company that did what they should have. The problem comes from horrible
Condo management companies, that keep HOA's low so the the units sell,
There are some very well managed Hoa's I agree. The citizens where you live would never tolerate what they do with middle to lower class homes or condos. They know those owners don't have the money to take the Hoa to court if they screw things up. Well you know what I mean.
More than 80% of newly-built single-family homes sold in 2019/2022 belonged to an HOA. during the 2004 housing boom-home prices were significantly inflated, leaving people unable to sell later because they owed more on the house than it was worth. I know several people who bought during that time, thinking it was a good investment, but it wasn’t until the COVID housing boom that prices finally returned to those original levels.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach on the web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Hate HOA !!!!!!!!!!!
Never buy anything with restrictions!
So you are OK with your neighbors having goats and chickens next to your yard and rusty old cars up on jacks in the driveway?
How much do you want other people all up in your business? If that's worth it to you just so you can be all up in other people's business, well, you deserve an HOA.
Karen is always the HOA President
@@bt_explorer The residents can vote out "Karens".
I've been an HOA officer. We need to spend money on stuff like trash collection anyway; when we buy in bulk, we save money. Keeping up the pool means you can have a pool. HOAs often provide value.
Nothing like buying a house and having to pay rent on top of it.
Exactly! And why would anyone agree to that! People are giving their freedoms away while being told what to do and how to do it! Its ridiculous! People need to stand up against all shady business practices.
You pay city taxes to live in the city and they are enough!
110% of ownership responsibility in exchange for about 75% of ownership privileges. Sounds like a real bargain.
like property tax
It started so you wouldn't have the rundown house on the block with boats and rusted cars on the lawn that nobody could do anything about and would bring down your value
@@ronaldkonkoma4356 It’s now laying the foundation for social credit scoring. First, get everyone tattling on their neighbors. Next, replace cash with CBDCs. Install 24/7 surveillance including INSIDE the living space. Insist that it’s all for the people’s own good. The value of the house only a handful of them will actually end up as owners of. Where will the US be in five years time?
Home prices need to crash, not just drop.
I agree. What was 200k just 4 years ago, should only be worth 230k tops. Not 4-5-6-7-8-900k. It's ridiculous. Homes lennar is building now, just back in 2019, you could snatch up for a little over 200k. Those same homes they are building are going for minimum 600k.
They about to go up higher with Fed cutting interest rate 😂
@@Yui789esss definitely gonelna be interesting. I personally know people in the new home builders sector like lennar who are in panic mode because they aren't selling houses. 😂
@@Yui789esss Well like the video poster said, the rates may not increase buying demand.
@@Mint_Mushroom2976 I been watching Nick since 2021, he has pretty much been wrong on everything 😂
Wow, a 500% spike in HOA liquidations? Looks like the Florida real estate market is going to be on a rollercoaster ride! I’ve been sitting on my $23k emergency fund, itching to start investing, but with this kind of chaos, where’s the headstart? Maybe I should start looking at foreclosure auctions, but who knows if that’s a good idea now. Anyone else feeling like they’re standing on the edge of a cliff with their money?
Haha, you’re not alone! The HOA crash is wild, but hey, chaos breeds opportunity, right? Though, diving into foreclosures might be a bit risky without a solid plan. Honestly, before jumping into anything, you might want to chat with an investment advisor. They could help you navigate these choppy waters and make sure that $23k doesn’t go up in smoke!
Totally agree with you both-this market is insane! I’ve been thinking about finding an investment advisor myself, but I’m not sure where to start. I don’t want to just Google someone random, but I also don’t want to sit on the sidelines forever. Any tips on how to find someone reliable?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
"I just looked up Linda Aretha Reeves, and she seems like exactly what I need to get my financial journey on track. I’ve been hesitant to pull the trigger on anything, but after reading your recommendation, I’m feeling a lot more confident about taking the next step. Thanks for the heads-up!
Watched Linda Aretha on Bloomberg finance summit 4 years ago and her presentation was terrific!
NEVER buy a home in a HOA ❌
Never buy a home with an HOA.
I learned my lesson
ME TOO
I almost made an offer on a condo in Winter Haven, but when I asked to see the HOA rules, we were told we had to buy it before we could see the rules! What? Nope.
@@davidclaycomb5496I think that is against the law in Florida, always ask for minutes from the meeting also
@@davidclaycomb5496 they probably didn't want you to see the $300k special assessment happening in the future or that the hoa bill was going to triple
I've lived in an HOA home for 3 years now. They are brilliant. Fees don't change and services are great. When I need something done its done within 48 hours. Not all HOAs are bad.
I’m in a HOA. They suck. Next time we hope to find a home without a HOA.
Alternative is loud neighbors. 50 cars parked yard. Pink colored houses. Lol
@@goptions4678 well in my neighborhood there’s multiple houses that have a packed driveway of cars or cars parked on the side of the street. Some are loud as hell and blast music. But HOA wants to bug me about have a certain amount of plants in my yard. They enforce what they want when they want. To top it off they can foreclose on houses so yeah I’ll take a pink house next door than what we have now.
Never buy with a hoa controlling you and your home /condo. You will in the end be sorry. 😢
I read a story 10 years ago where large construction contractors were buying units in HOA condos, then installing insiders onto the HOA board, then draining the reserves with unneeded construction with no bid contracts to themselves. Anybody in the HOA trying to fight back was met with mafia like physical intimidation.
Sounds like what happens here in Vegas. Money goes in, goes down rabbit holes.
That's crazy and brilliant at the same time. The criminal mind never fails to astound.
using wall street tactics to rob people
Yup. It's not only self-imposed socialism, it's self-imposed servitude to those mafiosos.
@@plektosgaming I'm pretty sure it happened in Vegas now that you mention it. I haven't tried to Google it; reading it the first time was bad enough..
it's funny that most HOA's biggest reason is for maintain and increasing property value but i would guess that non-HOA property would sell for similar or more in price because people prefer non-HOA properties, increasing the demand, thus increasing the price.
When I bought, I passed on several nice homes solely because they were in HOAs. Only thing I could think of that would be worse would be a time share.
Here’s how I shop for homes: The instant I see an HOA fee I immediately go to the next home. Would never ever pay such a nonsensical expense. If everybody else would do the same you’d see HOA fees gone overnight.
How does the HOA pool get maintained, if no one pays for the maintenance of it?
Facts
Why have an HOA pool when you cam have your own
@@nashonabo821 because some cities require a certain size lot to have your own pool. So you have one large pool for the HOA. A lot easier and cheaper than maintaining your own.
@@rolback5055 I grew up in a neighborhood without a pool. No need for a pool. Why assume you need an HOA, just to have a pool? If there is some need for a community pool, the users should pay for its upkeep.
I just sold my Florida home in an HOA, NEVER AGAIN!
congrats PianoMatronNeeNee ! will you stay in Florida? gotta to have a place where you can make music.......
@@bernie57 Music is always on my mind Bernie lol Yep, still staying but moving an hour north, away from the city. Gonna rent for now.
@@PianoMatronNeeNee makes sense to rent at first, especially given the declining real estate markets in Florida, which became unbelievably inflated during the pandemic and the balloon needs to deflate somewhat. Florida prices doubled since 2018 in the desirable coastal areas and have a lot of room to drop........good luck with your move and keep making beautiful music!
I wouldn’t buy an overpriced house, even if the interest rate went to zero! Against my principles to knowingly get ripped off.
Yep, I buy as though I'm paying cash.
I'm not handing someone $100k Extra for the privilege of buying a house they don't want.
My GF just closed a sale of a rental HOA condo in Calif. It was freaking nightmare, a whole lot of special assesments in a poorly built complex.
As a forty year resident of S Florida, I can say it’s almost impossible to purchase a new property without being in an HOA. In fact, most homes built within the past thirty years also fall into that category. Unfortunately, a lot of owners are slobs and don’t care to keep their houses looking nice. That’s why an HOA is necessary. I’m from the UK and had never heard of an HOA until I moved here. I’m fortunate that my HOA fee is only $66 a month.
Not true were are you getting your information from?
$66.00, I seriously doubt that unless you live in a really poor looking development. You can't upkeep a development, run meetings, pay common area expenses all on $66.00 per resident. There are plenty of areas in South Florida that you can buy homes with no HOA. Look in the Southwest Ranches and Davie area, out west. Nice homes where the property owners pay a high enough price, that they all care for what they bought.
Florida has truly gone down the pipes in the past 15-20 years, but honestly, so has America for the most part.
You got that right. There is no where to run
America is the Florida of Earth.
@@Foo3thoo yeah, that really is a good metaphor.
It’s because it costs NOTHING to destroy things, but to take care of them costs money. And I am sorry, but every Republican I know is big on showing off THEIR money but welching on community debts or issues. I lived in Florida and saw exactly how much developers care about what they leave there. They don’t care.
@@suzannecoe4347 And county commissions and city councils throughout the state care more about future residents than current ones.
HOA's suck. I do get the need in an apartment but not at all in a regular house. Horrible. I will avoid it. Thank you.
An apartment is rented, and a condo is owned by the occupant. Apartment complexes don't charge HOA fees.
@@jeffreybaier5312 No they just raise the rent 100% every year.
@@youaregoingtolovethis especially in Atlanta, I want out of here.
@@jeffreybaier5312 Not really, There are built to rent communities of houses now , WITH HOA. It shouldn't be.
You will do as you are told. Who will do the telling? It might be the neighbors, but it might NOT even be someone you ever see, ffs. Buyer beware!!
My HOA in Florida was a nightmare. Never again.
Even if they want to sell, who do they think is going to pay that increased HOA?!
What about homeowners insurance. We are seeing massive % increases in premiums.
There is a serious problem with HOA. They should not have so much rights than the homeowner.
2 words, Communist Communes
HOA is bunch of Karens
The big problem is in Vegas almost every neighborhood being built has a HOA it's almost impossible to buy a home without one
What made you think it was a good idea ?
@@snapseven2323 I’m not saying it’s good idea, did you read my comment?
@@snapseven2323huh
Dont live in Vegas ...Duh
and home prices there are still 200% higher than they were 4 years ago.
Clearwater....ground zero for Scientology
Xemu
NO! It’s Gilman Hot Springs, California. It’s true, you can look it up.
The cult of Hollywood! Those stars that are into it are some of the creepiest ones around too
Even an HOA can’t help with the Scientology thing 😂
So in Clearwater they have HOA and Scientology reaching out to their pockets.
I hate living in an HOA. I won't do that again.
A crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off much easily in a bull market Unequivocally the crash/recession is getting somebody somewhere rich.
On occasion you can beat the market with blind luck, but I wouldn't depend on it. Having a science background there is a saying, 'Luck favors the informed', I've found it to be true, allowed me in great part to retire early
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Impressive! How can I contact this advisor? My portfolio has underperformed, and I need guidance.
Jessica Lee Horst' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
home prices need to correct by 80% to be realistically valued
More like 20 to 30% at best at least nationwide . Maybe Florida something like at least 50% depending on locale
If prices drop 80% it would be devastating for the whole country.
@@TheRealEdStonerok chicken little
@@tobyk5149 if that comment was meant for me you’re not thinking about the situation as a whole.
Time to look outside of the USA to live.
I live in a HOA, never again. They are another layer of government that is harder to deal with that the actual town itself. You have to ask permission for everything, fill out forms just right, submit it just right or they reject it for the littles thing. A lot of people just do what they want now and do not tell them because its such a pain to do even minor things that should not require asking permission, like changing plants, or paining the house the same color as it already is, and or minor things. Besides they have a two tiered system of enforcement, houses have garbage in front of them for months and nothing happens, I leave a bush untrimmed and get a letter. Florida just passed a new law that limits the power of HOAs, it was cut down heavily do to the influence of special interest groups, that is a sin, that means HOAs are big money for some people, especially law firms who pray on homeowners.
I’m not sure what their endgame is. Do they want it so that no one can even walk through the neighborhood? Is that what they want?
Yep. I moved in an HOA condo and 1 year later my fees doubled because their reserves were underfunded.
Lesson learned is the always look at the community financials to make sure the reserves are fully funded before buying. If not then reduce the sale price or walk away.
We were catching up on our reserves years before the law and were making good progress. The problem that raised our fees so high was 1 year we had our insurance go up 60%. The very next year it went up 100%. So our problem is the INSURANCE RATES.
I would never consider involvement in any property with an HOA!!!
So basically when you live in an hoa it’s like being treated like you’re in kindergarten and living inside a funeral parlor. I feel bad for all you people that have your freedoms stolen from you in your own homes.
Try living in an area with no HOA, they steal your TV and rims off your car lmao
The sky’s always fallin..
Read your covenants and restrictions before you buy. The problem is most people don't and then complain because the rules that made the neighborhood attractive to you are enforced
"Attractive"? White, bland, gross. Try using more accurate terms.
@@sdsbc-z2lyou are confusing demographics with HOAs
Very important topic, thanks!!
In addition to the home builders being responsible, it’s also important to be aware of companies nobody has ever heard of, like FirstService Residential.
These companies manage HOAs, but also work on the side of the developer, pressuring them in to forming an HOA, of course to their benefit.
Haven't moved in an HOA neighborhood and don't plan to ever. There's so much more peace of mind living in a home and not having to worry about all those HOA horror stories that are out there. The money you would spend on an HOA can easily be applied to personally hiring all the needs that they so claim to already provide.
Bought a townhome with my ex-husband years ago with an HOA.......such a downer back then and still a downer today. There's a lot of corruption with the "treasurers" of these HOA's.
Its impossible for HOA to manage these properties without huge cost overruns
Never ever buy a condo without looking at the association financial statements. And always ask about pending or current special assessments.
They collected more than enough, problem is it went into peoples pockets & not the reserve fund or repairs.
@@TheCatholicGirl no they did not. Most of the owners voted to keep the monthly dues low and did not want to pay more monthly dues to fund the reserves.
@@janefairall579 You are wrong & can’t do math. Those people in Champlain Towers were paying like $1,000/month. That was plenty for maintenance to avoid collapse. People stole the dues. That is far more common that “they didn’t collect enough”. What a stupid, uneducated thing to say.
Exactly
@@janefairall579 No they did Not!
Condo 55+ community Evergreen, MT. 47% of ALL units are For SALE, NOT selling at $375k a large percentage of owners underwater they bought 2022 at $400+k to $529+k. HOA board checks our TRASH. OVER 542 cameras 144-unit development. Owner/developer has not sold one unit for 3 months now b/c he's OLD and delusional pricing units at $489k $550k 2br/2ba 1000 sqft. CRAZY receptionist involved owner and HOA president b/c a tenant did not say hello to her in the mailroom. HOA controlling, MISERABLE people!
That’s a nightmare. People need to just walk away.
Wow. Full nazi form. Scary
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
I just want to use this opportunity to say a very big thank's to Maureen duke and his Strategy, he changed my life.
Maureen Duke program is widely available online..
Started with 5,000$ and Withdrew profits
89,000$
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They kicked the can down the road. Such pathetic business practices.
Just like the government
Why would you even buy a house with an HOA. That is like buying a car and having to ask your neighbor if you can put new wheel on it, or what type of gas you are required to put in it. It's crazy. Why would anyone want that headache. If I want to paint my house pink. I will paint my house pink.
Because you don't want to watch your neighborhood regress into garbage over time.
@@OtisFlint i get that part of it. But i don't think its worth the cost... just buy in a decent area.
The HOA also manages the neighborhood common areas such as the pool area or entrance and common area landscaping
No pink houses is exactly the reason I want to have an HOA
you can buy in a decent area today, but in 20-30 years the neighborhood may change. Original owners die or move away, new people come in.
Happened to my dad's neighborhood. He is one of the last original owners
I once went to see a condo I was interested in buying. We went in and stepped on a piece of paper. It was a anti-HOA paper, warning the residents to vote against a 50% increase in the HOA. I didn't buy. But units in that area kept going on the market because of it. 1100 HOA. Ridiculous, the building looked horrible.
Great video. I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance..
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Ashley Airagahi is her name. She is regarded as a genius in her area and works at ALGO LAW FIRM. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before emailing her. She seems proficient considering her resume.
Infomercial fraud alert this is a scam if you need financial advice find a person in your own area
There must be legislation passed in States with a high number of HOA’s, that allows single family home owners to opt out of HOA memberships. HOA membership should be optional for single family homes. When people say, oh well just don’t buy in a HOA. The problem is that most nice neighborhoods in convenient locations are in a HOA, so unless you want to live a long way from town a HOA is the great majority of desirable available homes.
Nobody is going to pay these fees and the associations will go under. Plain and simple.
Already starting. People just don't have the money to pay HOA fees. HOA's now are just another tool to make you become homeless. HOA's did have a purpose to maintain the appearance of the neighborhood for every ones advantage. That is not the case anymore. HOA homes will eventually become worthless.
I hate my HOA.
Big time.
man ooooh man I dodged that Florida bullet. I was willing to get a condo too. This would have been a second home for winter and keeping my NY home. Sucks though because those snowbirds had a good thing for decades and I was hoping to join in. Here in my NY area we're considering downsizing and NOTHING is available and what little is available is off the charts expensive. No thanks, staying put.
The most informative video about HOA and buying a home in Fl I’ve ever seen…great job!
It has turned me off. I used to own in a HOA and will NEVER again!
I once lived in an HOA, and it was not a bad one from my experience. However, I am a licensed Amaterur Radio Amateur. A license issued by the Federal Communications Commission and superceeds all local juristictions and organizations when it comes to putting up antennas. Nobody can deny a licensed operator from erecting the antenna of his choice within FAA regulations. I did not ask my HOA if I could put up an antenna. I told them I was going to do it. And provided the FCC regulation to back up my notice. Also, if you want to receive signals from the airwaves you have the same undeniable right to put up an antenna. Few know that, but it is a Federal regulation.
How many people do you reach?
I live in Northern Burbs of Chicago. Plenty of water, no hurricanes, reasonable insurance. Last 2 winters have been relatively warm. Reasonable housing prices. Great place to live
Yup me too. But keep all the brainwashed maga gun crazies from moving to our precious illinois
We also see it in trailer parks. $450 a month rents have gone up to $850 locally in the last 18 months. It is any surprize that the parks now have 20% vacancies? What used to be a good option for retirees is now like these homes in Florida - just insane levels of greed at work and people fleeing in droves.
I understand condo HOA fees skyrocketing in condos. But what is the justification to raise single family HOA fees other than sleazebaggery?
HOAs are horrible. My grandparents hoa got upset that the front yard didn't have 2 trees. keep in mind my grandparents bought the house new and it was built with only 1 tree. they waited 5 years to get on my grandparents about the rule.
When the HOAs did not do the repairs years ago whose pocket did the money go into??😅😅😅😅😅
I have been thinking how the HOAs really screwed this up for the homeowners and themselves for not doing the yearly maintenance.
freedom goes both ways. You have to be okay with people boats, RV, front yard vegetable garden, and pink houses. Because your neighbor also tolerate your uber ugly teal house.
That's freedom. No way I ever want to live in a HOA
In my part of the country, there will be 10 cars parked outside your house if you don’t live in an HOA 😂
If it's public, you have no rights to complaint who parks there. But i do get your sentiment. There is always a trade off. Personally, people can do whatever they want as long as they dont touch other people' s property. I dont want HOA to tell how I live my life or what i should do to my property.@@Yui789esss
@Yui789esss sounds like dense urban centers. Taiwan is the same way. Too few parking spots and too many people. Most suburbia with 50' frontage. You can park 2 cars in the driveway, and 2 more car on the street per house :D
Agreed, but I don't understand why anyone would be upset by someone with a boat or RV in their driveway. I don't have either of them, but if someone wants that stuff, I'm fine with it. I don't want to take anyone's freedom, and I want to remain free myself.
So if the HOA maintains roads and the utility companies handle infrastructure, why do you need property tax to the extent non hoa communities have it? Wouldn’t it stand to reason that rate should be lower?
First wave of suburbs really went off in the 50s and 30 or 40 years layer towns couldn't afford the maintenance so they mandated the HOAs which would provide new property taxes but not new maintenance obligations. Now is 30 or 40 years after the HOAs started up and we are back to whose going to pay for the infrastructure again. So now the HOA fees are going to explode or end up declaring bankruptcy.
Suburban sprawl has too much infrastructure to maintain and not people and businesses to pay for it.
Very good video thank you for all the good information I wanted to see if you could do more coverage on the abusive overreach knea jerk reaction of the 40 year inspection and everything it encompasses and the tremendous pressure and cost that it adds to a HOA.
And to its board. Thank you
Dude you also need to look at the skyrocketing lot rent prices for mobile/manufactured home parks! $850-$1000 a month!
Terrible!
The New World Order wants to eliminate any and all forms of 'affordable' living.
Yep. Trailer parks are just a lower class HOAs with even less rights for the people that have to live there, no matter where it is.
Wow can afford to buy them? $2000.00 a month is insane. HOA's are ridiculous.
More condominiums up for sale than houses .
Most non condo HOAs are now where near that. In my area in TX they are typically $600-800/yr
some, a very few, pay more then $8000 per month.
@@willbmcl damn
Hey there are over 1 million homes for sale published online. There are over 5 million shadow homes for sale but not published because it would bring the prices even lower. These those NOT include apartments, there many millions of condo for sale.
Office building are beyond horrible, so bad that a $330 million dollar building sold for $8 million this week - look up 135 West 50th Street in Midtown Manhattan. SOLD AT A 97% LOST! THIS IS A CLASS A BUILDING IN NYC- HIGHEST RATING AND SOLD AT A HUGE LOST
That's because we are living in the equivalent of western Rome....around 456 AD. Not quite 476 AD yet, but too close for comfort. The proverbial "barbarians" have already invaded; our currency has been devalued into worthlessness; our excuse for a military is stretched thin, loaded with man boob-sporting, soy-guzzling sissies and infiltrated with America-hating foreigners. ALL these things existed in Rome around the time of it's final decline. All we need now is a modern equivalent of Geiseric and it's curtains for Los Estados Unidos: 1776-2025.
Unfortunately, many want to run out of Florida but are trapped in an extremely difficult situation, especially those who have purchased in the last 4 years due to having fallen into the trap of paying ridiculous amounts unnecessarily.
Great show
HOA is a deal-breaker for me. I don't care how much I love the house.
HOA's Time Shares and Mobile Home Parks are Sucker Deals. Im so glad i own my home outright and dont have to be told what to do like a little kid.
Nick, $39 a month for a reventure app sub is a bit high.
We’re in a depression man.
If listening to his information in a whole year saves you a $1000 you are ahead of the game. Some of his stuff is hot air but mostly he has solid information that would take you much longer to obtain. If you're thinking of buying or selling in the next couple years his sub is worth it.
Tremendously informative... thank you for bringing this to your audience.
It’s worse than that. I can’t share specifics, but we have investors buying condos to 51% ownership then voting themselves into the HOA board and raising prices so high everyone has to sell, then they convert them to apartments.
People in Condos that now have expensive HOA with the new laws and regulations are pissed at DeSantis for making the HOA's get funded. Well, there was a good reason! If buildings skimp on inspections and don't have the money for repairs it can kill them when their buildings fail. It is an investment and you have to take care and maintain them. Not just live it until it falls apart.